Fund Balance
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A Fund Balance is an equity reported in the government fund.
- AKA: Fund Equity.
- See: Equity, Fund, Balance Sheet.
References
2008
- (MA DoR, 2008) ⇒ Massachussets DoR. (2008). “Municipal Finance Glossary.” Massachussets Department of Revenue - Division of Local Services
- Fund Balance – The difference between assets and liabilities reported in a governmental fund. Also known as fund equity. (See Unreserved Fund Balance)